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...biggest "zombie" companies, enterprises that continue to operate despite crushing debt and chronic unprofitability. Daiei is carrying debt of nearly $10 billion. It has little hope of ever repaying, but it has always managed to convince a trio of lenders?UFJ, Sumitomo Mitsui Bank and Mizuho Holdings?to extend additional credit at crucial moments in order to keep it alive. UFJ is urging Daiei's management to accept assistance from the Industrial Revitalization Corporation of Japan (IRCJ), a state-backed bank designed to overhaul Japan's most hapless companies. Meanwhile, U.S. retailing juggernaut Wal-Mart, which already owns...

Author: /time Magazine | Title: Wedding Crasher | 8/30/2004 | See Source »

...plans to stitch together patches of wilderness with corridors to provide havens for big cats seeking prey or a mate. In the Americas, Rabinowitz of the WCS has proposed a 2,000-mile-long chain of public and private lands to link the disparate populations of jaguars. It would extend from Mexico through Central America to northern Argentina. Jaguars have lost half their habitat in the past century, and much that remains has been fragmented by logging and ranching. Experts have identified 51 conservation areas in 16 countries that they deem essential for the long-term survival of the largest...

Author: /time Magazine | Title: Nowhere To Roam | 8/23/2004 | See Source »

...have decided to extend you the courtesy of a letter explaining myself—although I am confident you will not read it. Likewise, I am resigned to the fact that you will surely ignore the hundreds of thousands of others who gather in the streets of New York next week. Your campaign has already indicated as much publicly. So why protest? And why write...

Author: By Benjamin J. Toff, | Title: Why I'll Be in New York | 8/20/2004 | See Source »

...olfactory cells regenerate, they grow long neural shoots called axons, which connect to the brain. The axons are like phone wires that carry the signals that allow the brain to differentiate between various smells. They transport these signals with the help of olfactory ensheathing glia (OEG) cells. Because axons extend from all nerve cells, scientists have long wondered what would happen if OEG cells were taken from the olfactory bulb and introduced somewhere else?say, in the spinal cord of someone like Nan Davis...

Author: /time Magazine | Title: Giving Back Hope | 8/16/2004 | See Source »

...That's just what Huang does, injecting fetal OEG cells into the damaged spinal cord. What's odd is that they appear to have such a rapid effect. Axons regenerate only as fast as a hair grows, so it should take months for an axon to extend from the point of injury to a paralyzed area. Yet Huang's patients seem to improve within hours of surgery. "Something is happening that we can't understand, but can't ignore," Huang says...

Author: /time Magazine | Title: Giving Back Hope | 8/16/2004 | See Source »

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